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GMR Infrastructure jumps on getting LoA for the first Mega Highway Project

GMR Airports Ltd. | Airport Management Services | Construction & Infrastructure | BSE: 532754 | NSE: GMRAIRPORT

27 Sep 2011 Evaluate

GMR Infrastructure is currently trading at Rs. 27.65, up by 0.75 points or 2.79% from its previous closing of Rs. 26.90 on the BSE.

The scrip opened at Rs. 27.55 and has touched a high and low of Rs. 28.15 and Rs. 27.40 respectively. So far 566690 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 61.15 on 07-Oct-2010 and a 52 week low of Rs. 26.00 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs. 30.50 and Rs. 26.70 respectively. The current market cap of the company is Rs. 10470.65 crore.

The promoters holding in the company stood at 71.39% while Institutions and Non-Institutions held 20.44% and 8.17% respectively.

GMR Infrastructure, part of GMR Group- has received Letter of Award for the first Mega Highway Project and would be soon signing the concession agreement. GMR group emerged as the selected bidder through international competitive bidding, for six lanning of 555 km long kishangarh- Udaipur- Ahmadabad highway, the first brown field mega highway project of the country.

This project will be implemented through the Public Private Partnership (PPP) model on Design, Build, Finance, Operate and Transfer (DBFOT) model. This highway section is a part of the Delhi Mumbai (Golden Quadrilateral) corridor and goes through the newly announced Delhi-Mumbai Industrial Corridor which has a very high growth potential for commercial and touristic traffic.

GMR Group entered the Highway business in 2001 by winning 2 projects with benchmarks annuity offer. It received early completion bonus from NHAI for completing Tambaram- Tindivanam project ahead of the schedule.

GMR Airports Share Price

96.87 0.11 (0.11%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Dreamfolks Services	85.30
GMR Airports	96.87
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GMR Infrastructure jumps on getting LoA for the first Mega Highway Project

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